{"id":626730,"date":"2018-07-10T04:45:41","date_gmt":"2018-07-10T04:45:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/remittances-rise-41-2-y-o-y-in-10m2017-18\/"},"modified":"2018-07-10T04:45:41","modified_gmt":"2018-07-10T04:45:41","slug":"remittances-rise-41-2-y-o-y-in-10m2017-18","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/remittances-rise-41-2-y-o-y-in-10m2017-18\/","title":{"rendered":"Remittances rise 41.2% y-o-y in 10M2017-18"},"content":{"rendered":"

Remittances from Egyptians living abroad rose 48.2% y-o-y 10M2017-18 <\/strong>to USD 26 bn, the central bank announced yesterday, according to a statement from the CBE (pdf)<\/a>. Remittances advanced 41.2% y-o-y in April to USD 2.3 bn.<\/p>\n

Remittances could slow down in the coming months, <\/strong>a new study cited by Al Arabiya<\/a> suggests. The research projects that Egyptian expats will be lured away from the local banking system by promises of higher yields in GCC banks, where interest rates are likely to go up in tandem with US rates. The US Federal Reserve had hinted last month<\/a>, when it hiked rates by 0.25 bps, that we can expect two more increases in 2018 as \u201cthe overall outlook for growth [in America] seems favorable.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Remittances from Egyptians living abroad rose 48.2% y-o-y 10M2017-18 to USD 26 bn, the central bank announced yesterday, according to a statement from the CBE (pdf). Remittances advanced 41.2% y-o-y in April to USD 2.3 bn. Remittances could slow down in the coming months, a new study cited by Al Arabiya suggests. The research projects […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626730","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"09aca4ec-940d-438c-9c0b-7a1cf0310630","order":"0","is_powered_by":true,"section_story_id":"b42d9e98-ef87-45d6-931a-36f30c076d73","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626719],"teaser":"","voice_url":""},"yoast_head":"\nRemittances rise 41.2% y-o-y in 10M2017-18 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/remittances-rise-41-2-y-o-y-in-10m2017-18\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remittances rise 41.2% y-o-y in 10M2017-18\" \/>\n<meta property=\"og:description\" content=\"Remittances from Egyptians living abroad rose 48.2% y-o-y 10M2017-18 to USD 26 bn, the central bank announced yesterday, according to a statement from the CBE (pdf). 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This puts the remittances for 10M2018 at USD 21.4 bn, up 8% from around USD 19.8 bn in 10M2017.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627047,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/non-oil-exports-grow-14-y-o-y-in-1h2018\/","url_meta":{"origin":626730,"position":1},"title":"Non-oil exports grow 14% y-o-y in 1H2018","author":"enterpriseam admin","date":"18 July 2018","format":false,"excerpt":"Egypt\u2019s non-oil exports grew by 14% y-o-y in 1H2018 to USD 12.75 bn, compared to USD 11.22 bn in the same period last year, the Trade and Industry Ministry said in a statement. Our biggest export market was the UAE (USD 1.33 bn), followed by Turkey (USD 1.13 bn), and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591835,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/remittances-rise-13-6-to-usd-6-7-bn-in-1q2019-2020\/","url_meta":{"origin":626730,"position":2},"title":"Remittances rise 13.6% to USD 6.7 bn in 1Q2019-2020","author":"enterpriseam admin","date":"18 December 2019","format":false,"excerpt":"Remittances rise 13.6% in 1Q2019-2020: Remittances from Egyptians living abroad rose to USD 6.7 bn in 1Q2019-2020, up 13.6% y-o-y from USD 5.9 bn in the same period last year, according to Central Bank of Egypt figures (pdf). Remittances rose 33.2% to USD 2.3 bn in the month of September.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570882,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/21\/egypts-remittances-rise-33-y-o-y-in-january-and-february\/","url_meta":{"origin":626730,"position":3},"title":"Egypt\u2019s remittances rise 33% y-o-y in January and February","author":"enterpriseam admin","date":"21 April 2020","format":false,"excerpt":"Remittances from Egyptians abroad for January and February rose by a third y-o-y to USD 5.2 bn, up from USD 3.9 bn in the same period last year, according to official data (pdf).","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591475,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/egyptian-expat-remittances-forecast-to-be-among-fifth-highest-in-the-world-in-2019\/","url_meta":{"origin":626730,"position":4},"title":"Egyptian expat remittances forecast to be among fifth-highest in the world in 2019","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"Egyptian expats are projected to send home the fifth highest value of remittances in the world by the end of year, World Bank data shows. Remittances to the country are expected to hit USD 26.4 bn this year, down slightly from USD 29 bn last year. Globally, remittance inflows to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554158,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/remittances-up-1-5-in-1q2021-2022\/","url_meta":{"origin":626730,"position":5},"title":"Remittances up 1.5% in 1Q2021-2022","author":"enterpriseam admin","date":"22 December 2021","format":false,"excerpt":"Remittances from Egyptians abroad were up 1.5% y-o-y to USD 8.1 bn in the first quarter of FY 2021-2022, the central bank announced in a statement (pdf). The quarterly figure rose despite September being a slow month, with remittances dipping 3% y-o-y to USD 2.6 bn. 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